CenterPoint Energy Exceeds Expectations in Q4 2024 Earnings
CenterPoint Energy Inc has made a strong start to the new year, reporting Q4 2024 earnings that met market expectations. The company’s non-GAAP EPS (Earnings Per Share) for the quarter came in at $0.40, while the full-year 2024 non-GAAP EPS was $1.62, representing an impressive 8% growth over the previous year.
This growth momentum is expected to continue in the coming years, with CenterPoint Energy reaffirming its 2025 non-GAAP EPS guidance range of $1.74 to $1.76. This indicates that the company remains committed to its growth strategy and is confident in its ability to deliver strong financial performance.
In addition to its financial performance, CenterPoint Energy has also taken steps to meet the rising demand for power from new data centers. The company has increased its capital expenditure plan to ensure that it can meet the growing demand for electricity in its service territory. This move demonstrates the company’s commitment to investing in its infrastructure and meeting the evolving needs of its customers.
Looking ahead, CenterPoint Energy forecasts significant electric load growth demand at its Houston Electric service territory by 2031. This growth is expected to be driven by the increasing demand for electricity from data centers, as well as other commercial and industrial customers.
The company’s long-term growth prospects remain strong, with a target of mid-to-high end of 6% to 8% annual growth through 2030. This growth will be driven by a combination of factors, including the increasing demand for electricity, the expansion of its service territory, and the company’s ongoing efforts to improve its operational efficiency.
Key Highlights:
- Q4 2024 non-GAAP EPS: $0.40
- Full-year 2024 non-GAAP EPS: $1.62
- 2025 non-GAAP EPS guidance range: $1.74 to $1.76
- Capital expenditure plan increased to meet rising demand for power from new data centers
- Forecasted electric load growth demand at Houston Electric service territory by 2031
- Long-term growth prospects: 6% to 8% annual growth through 2030